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What premium someone who is risk adverse be willing to pay

Discussion Post: Expected Value

What is expected value? Using expected value to set premiums, what premium would someone who is risk adverse be willing to pay?

The definition is:

Expected Value or (EV) is the probability of event occurring * expenditure of health care treatment.

The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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